Asset Prices and Monetary Policy

Four Views

Luigi Spaventa, Mark Gertler, Marvin Goodfriend, Otmar Issing
Release Date: November 1, 1998

This report collects the views of several prominent scholars and central bankers on whether and how asset price developments can be incorporated in the design of monetary policy. The views were expressed in a concluding panel discussion of a conference on Asset Prices and Monetary Policy organized by CEPR and the Bank for International Settlements.